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...best position, but it has only enough steel to last into early December at reduced production rates. Chrysler, already operating on a four-day week, will probably have to shut down completely by late November. American Motors expects to continue at its present high production rate. Studebaker-Packard also hopes to get by without any cutbacks. General Motors is just about shut down; the company is short all types of steel, has laid off 200,000 production workers and closed down all lines except limited production of Buicks, Corvairs and G.M. trucks and buses. G.M. estimates that it will...

Author: /time Magazine | Title: STATE OF BUSINESS: Back to Work | 11/16/1959 | See Source »

Leading the automakers' third-quarter reports was Ford Motor Co., which had earnings of $53.2 million, or 97? per share, v. a $14.9 million loss in the same period last year. The buoyant third period pushed Ford's nine-month earnings to $6.19 per share. Studebaker-Packard had a third-period net of $3,399,779, or 53? per share, v. a loss of $9,200,000 last year, pushed its nine-month earnings to $2.39 per share. Chrysler, hit hard by expansion and new model costs, reported a third-quarter loss of $34.2 million, highest...

Author: /time Magazine | Title: EARNINGS: Still on the Rise | 11/2/1959 | See Source »

...Status Seekers, Packard...

Author: /time Magazine | Title: CINEMA,,THEATER,BOOKS: Time Listings, Oct. 12, 1959 | 10/12/1959 | See Source »

...Three into the compact race and now hold a commanding lead, argues that the big companies will be in trouble from the moment they jump into the smaller-car field. But not Rambler. "We will make and sell more than 500,000 Rambler '60s." Studebaker-Packard also expects a lift for Lark, up about a third to 200,000 sales. "Of one thing I'm certain," says Romney, "the one who is not going to be hurt is the customer...

Author: /time Magazine | Title: AUTOS: The New Generation | 10/5/1959 | See Source »

NONFICTION 1. For 2? Plain, Golden (2) 2. The Status Seekers, Packard (1) 3. How I Turned $1,000 into $1,000,000 in Real Estate, Nickerson (4) 4. Folk Medicine, Jarvis (5) 5. The Elements of Style, Strunk and White (3) 6. The Years with Ross, Thurber (6) 7. Mine Enemy Grows Older, King (10) 8. Richard Nixon, Mazo (7) 9. 'Twixt Twelve and Twenty, Boone 10. The Great Impostor, Crichton...

Author: /time Magazine | Title: CINEMA: Time Listings, Sep. 28, 1959 | 9/28/1959 | See Source »

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